Next Week

May 20, 2016

Central Banks:  Monetary policy meetings in Canada, Turkey, Hungary, Israel and Ukraine.  Fed Chair Yellen heads a list of U.S. central bank officials speaking publicly that also includes Kaplan, Kashkari, Bullard, Powell, Harker, and Williams.  Praet and Constancio of the European Central Bank, Stevens and DeBelle of the Reserve Bank of Australia, and Nakaso of the Bank of Japan speak publicly, too.

Holiday Closures and Meetings:  Victoria Day in Canada on Monday and Corpus Christi in Brazil on Thursday.  Eurozone finance ministers meet Wednesday.

Scheduled U.S. Data Releases:  Revised GDP, durable goods orders, new home sales, pending home sales, the FHFA house price index, the K.C. and Richmond Fed manufacturing indices, the Reuters/U. Michigan consumer sentiment index, and weekly observations of jobless insurance claims, mortgage applications, energy inventories, consumer comfort and mortgage applications.

Japanese Statistics:  Consumer prices, customs trade figures, supermarket sales, the flash manufacturing purchasing managers survey, the index of leading economic indicators, the all industry index, and the government’s monthly economic assessment.

Selected Other Asian Data:  Chinese and South Korean consumer sentiment.  Singaporean and Hong Kong consumer prices.  Singapore GDP, South Korean business confidence, Hong Kong’s trade balance, and China’s index of leading economic indicators.

Euroland:  The preliminary purchasing managers surveys, flash consumer confidence estimate, and ZEW expectations index.

Members of the Eurozone:  Revised German and French GDP and preliminary ZEW indices of investor sentiment.  The German IFO business climate index.  German retail sales, import prices, and consumer confidence.  French and Belgian business sentiment.  Italian, Finnish and French consumer confidence.  Italian and Spanish retail sales.  Finnish producer prices and Austrian industrial production.

U.K. and Switzerland:  British revised GDP, consumer confidence, public sector borrowing, mortgage approvals according to the BBA, and CBI survey of trends in distributive trade.  Wiss money growth, trade balance, ZEW expectations index, industrial output, and UBS consumption indicator.

Nordic and Eastern Europe:  Swedish and Danish consumer confidence.  Swedish unemployment, trade balance, and retail sales.  Icelandic wages and consumer prices.  Czech business and consumer confidence.

Australia, New Zealand, and South Africa:  Australian quarterly business investment and monthly index of leading economic indicators.  New Zealand trade balance and South African PPI.

Mexico and Brazil:  Mexican trade balance and retail sales.  Brazilian current account and consumer sentiment.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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